Top Money Laundering Scenarios for ASEAN

The Philippines stands at a crucial juncture in its fight against financial crime. As a country on the Financial Action Task Force (FATF) grey list, the Philippines has set a clear, positive trend by implementing critical regulatory reforms in 2024. The focus has now shifted to actively prosecuting financial crime cases to promote strong compliance standards. It’s clear that financial institutions have to strengthen their detection capabilities and swiftly align with enhanced compliance standards.Our joint whitepaper with ABCOMP draws on expert insights from the Anti-Financial Crime (AFC) Ecosystem and validates it with the findings and reports from the Securities and Exchange Commission (SEC), the Anti-Money Laundering Council (AMLC) and the Philippine National Police Anti-Cybercrime Group. It provides an in-depth view of these trends and outlines a path forward for financial institutions and regulators.Please fill in your details to download the whitepaper.